TMBA 383: Brent Beshore and the 50 Year Private Equity Plan

The toughest nut for Dan and Ian to crack, over the last few years, has been how to make money with your money.

How do you successfully invest in small businesses without having to run them on a day-to-day basis? Today’s guest has some really interesting answers to that question.

Brent Beshore is the founder and CEO of Adventur.es. He has managed to do something that our hosts have dreamed of for a long time. He owns a portfolio of different businesses, and has built a successful structure for operating them.

In this episode, Brent shares his investment strategies, what things he looks for when deciding to purchase a business and why he considers treating people like people is the most important factor in his success.

Mentioned in the episode:

A big thanks to AppSumo – this episode’s sponsor. AppSumo is the place to find huge deals on tools to help you grow your online business. They’ve put together some great free stuff for TMBA listeners as well, check it out: AppSumo.com/TMBA

Can relate to Process vs Intuition when vetting deals. However, I’ve also had a few negotiations go south, which could have been avoided by leaning heavier on process.

“There’s no way to get around biz dev.” Deal flow is the bottleneck for everyone in PE, even more so now as a lot of money moves out of hedge funds due to financial regulation, and into PE firms. The question: As an entrepreneur who’s also looking to build a portfolio, is your time better spent looking/vetting deals or directly creating value? I default to the latter, all the while building a network of “intermediaries” along the way.

it seems the many of the best investors do a mix of your dichotomy, specifically thinking of the VC mix-up where their work at building networks and visibility for their particular capacities as investors can do both in the best cases.